$700,000
Original price: $750,000
1602 172nd Street E, Spanaway, WA 98387
Est. Mortgage $4,157/mo*
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HOA
None
Listed
68 days ago
Local Information
-- mins to
About this House
Rare opportunity to acquire a 0.87-acre infill development site in the heart of Spanaway, one of Pierce County’s fastest-growing residential corridors. Zoned NCOR (Neighborhood Corridor), the property benefits from an allowable residential density of 24 to 40 dwelling units per acre, supporting efficient, higher-density housing within an established urban neighborhood. The current conceptual development plan includes six newly constructed fourplex buildings together with the adaptive reuse and conversion of the existing residence into a fourplex, creating a 28-unit residential community. Incorporating the existing home into the development concept offers a meaningful advantage by preserving a substantial portion of the existing structure, potentially reducing demolition costs, shortening construction timelines, lowering material requirements, and maximizing the productive use of improvements already in place. This approach also provides an opportunity to enhance overall project economics while delivering a cohesive residential community. With continued demand for attainable housing and a limited supply of infill land, the property presents a compelling opportunity for developers and builders seeking a well-located residential project in the South Sound.
Last check for updates: about 2 hours ago
Listing courtesy of Matt J. Harris
COMPASS
Source: NWMLS as distributed by MLS GRID, MLS#2540752

Home Details for 1602 172nd Street E
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MLS Status: Active |
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Appliances & Utilities Utilities: Electricity Connected, Septic Design Installed |
Fireplace & Spa No Fireplace |
Gas & Electric Electric: On PropertyGas: Not AvailableHas Electric on Property |
View No View |
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Parking & Garage No Carport |
Frontage Road Surface Type: PavedNot on Waterfront |
Water & Sewer Sewer: Available, In Street, Septic Design Installed |
Farm & Range Does Not Include Irrigation Water Rights |
Surface & Elevation Topography: LevelElevation Units: Feet |
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Cumulative Days on Market: 65Days on Market: 68 |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved LandArchitecture: Res-Less thn 1 Ac |
Property Information Usage of Home: ResidentialParcel Number: 3256000180 |
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Price List Price: $700,000 |
Status Change & Dates Possession Timing: Negotiable, See Remarks |
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Direction & Address City: SpanawayCommunity: Spanaway |
School Information Elementary School: Buyer To VerifyJr High / Middle School: Buyer To VerifyHigh School: Buyer To VerifyHigh School District: Bethel |
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Listing Agent Listing ID: 2540752 |
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Not Senior Community |
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HOA Fee: No HOA Fee |
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Lot Area: 0.87 acres |
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Special Conditions: Standard |
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Listing Terms: Conventional |
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Mls Number: 2540752Offer Review: Seller intends to review offers upon receiptShowing Requirements: Appointment Only, Call Listing Office, See Remarks |
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Internet Entire Listing Display YN C |
Around this home
What Locals Say about Spanaway
At least 357 Trulia users voted on each feature.
90 % Say car is needed
84 % Say yards are well-kept
84 % Say parking is easy
75 % Say it's dog friendly
73 % Say there's holiday spirit
67 % Say kids play outside
57 % Say it's quiet
50 % Say neighbors are friendly
45 % Say there's wildlife
42 % Say there are sidewalks
37 % Say it's walkable to grocery stores
37 % Say people would walk alone at night
35 % Say they plan to stay for at least 5 years
25 % Say streets are well-lit
22 % Say it's walkable to restaurants
18 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Spanaway
Last updated July 2026
Avg. sale price
$508K
$5KMoM
Sale-to-List Price
100.0%
Price per sq ft
$293
$1MoM
Available listings
181
5MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.65 | Lot/Land | $25,000 | 08/07/26 | - | - | ||
1.11 | Lot/Land | $2,600,000 | 02/15/26 | - | - | ||
1.55 | Lot/Land | $285,000 | 11/14/25 | - | - | ||
2.31 | Lot/Land | $161,000 | 09/25/25 | - | - | ||
2.27 | Lot/Land | $695,000 | 05/14/26 | - | - | ||
2.57 | Lot/Land | $80,000 | 12/05/25 | - | - | ||
2.54 | Lot/Land | $719,000 | 07/31/26 | - | - | ||
2.46 | Lot/Land | $200,000 | 12/18/25 | - | - | ||
3.16 | Lot/Land | $199,000 | 01/29/26 | - | - | ||
2.79 | Lot/Land | $185,000 | 02/03/26 | - | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.03 | $385,000 | 3 | 1 | 1,056 | Recently Sold | |
0.08 | $506,900 | 3 | 2.5 | 2,375 | Off Market | |
0.06 | $361,000 | 3 | 1 | 936 | Recently Sold | |
0.08 | $427,600 | 3 | 1 | 1,341 | Off Market | |
0.08 | $430,000 | 3 | 1 | 1,056 | Recently Sold | |
0.11 | $635,000 | 4 | 2.5 | 2,995 | Recently Sold | |
0.12 | $665,445 | 4 | 2.5 | 3,238 | Recently Sold | |
0.11 | $491,600 | 3 | 2 | 1,216 | Off Market | |
0.10 | $420,600 | 3 | 2 | 1,542 | Off Market | |
0.14 | $681,500 | 4 | 2.5 | 3,216 | Off Market | |
0.10 | $345,000 | 4 | 1.5 | 1,176 | Off Market |
Price and Tax history
| Date | Event | Price |
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Aug 21, 2026 Source: NWMLS as distributed by MLS GRID #2540752 | PriceChange | $700,000 Price decreased by 7% |
Aug 7, 2026 Source: NWMLS as distributed by MLS GRID #2540752 | PriceChange | $750,000 Price decreased by 6% |
Jun 19, 2026 Source: NWMLS as distributed by MLS GRID #2540752 | Listed For Sale | $800,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $7,178 | $638,800 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Matt J. Harris, COMPASS

Based on information submitted to the MLS GRID as of 2026-08-26 15:24:10 PDT. All data is obtained from various sources and may not have been verified by broker or
MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by
the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS Click here for more information
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2026 NWMLS Click here for more information
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Frequently asked questions about 1602 172nd Street E
- How big is 1602 172nd Street E?1602 172nd Street E in Spanaway, WA is about 0.87 acres (37,957 sq ft).
- What is the price per acre for 1602 172nd Street E?1602 172nd Street E in Spanaway, WA is listed at $700,000, or about $805K per acre.
- What do residents say about Spanaway?Residents describe Spanaway, WA as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See homes for sale in Spanaway, WA.
- What are the closest schools to 1602 172nd Street E?The closest schools to 1602 172nd Street E in Spanaway, WA are Cedarcrest Jr High School (rated 3/10), Evergreen Elementary School (rated 4/10), Spanaway Lake High School (rated 4/10).
- Does 1602 172nd Street E have irrigation?Yes, 1602 172nd Street E in Spanaway, WA has irrigation.
1602 172nd Street E, Spanaway, WA 98387 is a lot/land. This property is currently available for sale and was listed by NWMLS as distributed by MLS GRID on Jun 19, 2026. The MLS # for this home is MLS# 2540752.

